Abu Dhabi Department of Economic Development (DED) organized a workshop to review and discuss key drivers of knowledge-based economy and Abu Dhabi’s drive to achieve economic diversification as per 2030 Vision. The workshop was attended by 10 key Abu Dhabi Government entities who were briefed by DED’s Strategic Planning and Performance Management on the key eight economic factors stipulated in the government performance management system.
The workshop, titled “Towards a Joint Drive to achieve Abu Dhabi’ Knowledge-based Economy”, reviewed some of the key aspects central to Abu Dhabi Government’s inspiration to optimize skilled labour-attracting business environment while achieving integration of the local economy with the global one by means of streamlining trade and investment sectors, keeping inflation rate under control, setting a stabilized financial system while boosting competitiveness.
Attendees from various government entities such as Higher Corporation for Specialized Economic Zones, Department of Municipal Affairs, Urban Planning Council, Western Region Development Council, Abu Dhabi Council for Economic Development, Environment Agency, Khalifa Fund, SEHA, Abu Dhabi Education Council, and Abu Dhabi Municipality were presented with the eight goals of knowledge-based economy by DED’s Directorate of Strategic Planning and Performance Management.
These goals are namely: sustaining growth of domestic product, making Abu Dhabi a regional economic hub, integrating with the global economy through trade and investment, diversifying economic base of the Emirate, achieving sustainable growth rate by controlling inflating rate, securing a stable financial system, boosting competitiveness for the Emirate’s business environment, and expanding the role of the private sector in economic development.
Addressing audience at this event, Noura Al Hosani, Acting Director of Strategic Planning and Performance Management, DED, stated that the workshop comes in the light of various DED-staged activities aimed to define roles and responsibilities of stakeholders as per Abu Dhabi Economic Vision 2030.
“This is the third workshop organized by DED to fuel active participation by various government entities to implement the outputs and objectives of 2030 Vision that calls for a sustainable growth and knowledge-based economy”, she said.
“The workshop helps government entities undertake their roles to achieve sustainable economic development by setting a joint frame work that defines and organizes the inputs of all stakeholders. Therefore, we are keen to attain what the Government is inspired to achieve in a more systematic, objective and balanced approach through synergy, integration and cooperation of all government entities. This workshop is an active tool to define the role of each entity to achieve 2030 Economic Vision and its objectives through joint and well-orchestrated efforts”, she added.
The presentation at the workshop highlighted the importance of integration between economic plans with Abu Dhabi 2030 Vision and the Five-Year Strategic Plan with focus on the integration of all government entities once a performance frame work is set by the Executive Council that defines the role of each entity in implementing plans.
According to DED, the integration between government bodies and economic drivers can be attained through more cooperation of the government with the public and private sector, boosting business environment and competitiveness of companies, while working to promote key sectors and empowering them to take a more active role in diversifying local economy.